BLS Insights

The IRS has made a midyear increase in the standard mileage rate for business vehicle use, including for cars, SUVs, vans, pickup trucks and panel trucks. These rates apply to … Continued

The Qualified Opportunity Zone (QOZ) program provides tax incentives to invest in designated low-income communities across the United States. Tax law changes enacted last year made the program permanent and … Continued

Potential Refund Opportunity for Certain U.S. Tariffs Paid Organizations that import goods into the United States may have a new opportunity to recover previously paid tariffs. Earlier this year, the … Continued

Many of our clients have reached out regarding notice from the IRS and DE. In our ongoing effort to keep our contacts informed, we felt it was important to blog … Continued

With the April 15 tax filing deadline in the rearview mirror, you’re likely to turn your attention to other things. But before you do, it’s in your best interest to tie … Continued

The many tax-related provisions that went into effect last year after the One Big Beautiful Bill Act (OBBBA) was signed into law are affecting 2025 federal income tax returns being … Continued

This IRS Fact Sheet (FS-2026-02) outlines a significant shift in how the federal government handles money. Based on Executive Order 14247, signed in March 2025, the IRS is aggressively moving away from paper … Continued

This guidance is intended for retirement plan sponsors, administrators, and fiduciaries who implemented the Roth catch-up contribution requirements under the SECURE Act 2.0 and related IRS regulations by January 1, … Continued

The One Big Beautiful Bill Act (OBBBA) creates a new type of tax-advantaged account for eligible children. Section 530A accounts, also known as “Trump accounts,” can be established for children under … Continued

The Delaware Senate has passed House Bill 255 (HB 255), a bill that will decouple from certain federal tax rules related to accelerated depreciation and domestic research and experimental expenditures. … Continued